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Tuesday, December 21, 2010

 

Denver Manufacturing Jobs Drop 4.2 Percent

More Denver manufacturing jobs (Click here) were lost throughout the last year than jobs in any other industry.

During November, Colorado's unemployment rate continued to increase to 8.6 percent, up from 8.4 percent during October. Despite the jump, that's still lower than the national average at the time of 9.8 percent. Denver had a rate of 8.2 percent during October.

The Denver-Aurora-Broomfield area employed 1,194,200 workers during November, which is up from 1,192,400 workers during October and a .2 percent increase from last year, according to the U.S. Bureau of Labor Statistics.

The trade, transportation, and utilities industry was responsible for the majority of Denver's monthly employment gain, adding 3,400 jobs during November. That was followed by the education and health services industry, which gained 1,200 jobs over the month.

Only three other industries added jobs during November. The professional and business services industry added 900 workers, while the information and other services industries added 100 jobs each.

Only four industries saw an employment increase between November 2009 and November 2010, including: education and health services by 3.6 percent; professional and business services by 2.2 percent; leisure and hospitality by 1.3 percent; and other services by .4 percent.

When it comes to monthly job losses, the leisure and hospitality industry took the biggest hit, losing 2,600 employees during November. Other declines include: mining, logging and construction by 500 jobs; manufacturing by 400 jobs; financial activities by 300 jobs; and government by 100 jobs.

The manufacturing industry saw the biggest yearly employment drop during November, losing 4.2 percent of its workforce.

Other industries that experienced an over-the-year decrease in employment include:

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